Word: trumanism
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Dates: during 1950-1959
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Have a Tangerine? Late one afternoon last week, a steady stream of would-be De Sapio visitors poured into the cramped offices of the Democratic state headquarters, on the second floor of Manhattan's Biltmore Hotel. Campaign photographs of Averell Harriman were plastered everywhere. A picture of Harry Truman, in pastel shades, managed to make the wall of the main reception room. Franklin Roosevelt (senior) and Alben W. Barkley were relegated to the hall. Adlai Stevenson was stuck away in another room...
Hall's volley might have warned Butler. But he was still going strong two days later. In Kansas City with Harry Truman, Butler said it is "a sincere regret to me that [Ike] has seemed unable to bring to the task of civil government the qualities that made him such a renowned military leader...
...Banker-Economist John D. Clark, onetime Truman adviser, the Democrats called the Administration's policy a failure. They charged that mistakes in manipulating money rates had cut off the boom in 1953 and prolonged 1954's recession. Clark argued that the "new fiscal managers set out to upset the business boom as soon as they took office in January 1953. The tightening of credit and increase in interest rates smothered a business boom." Furthermore, added Clark, the Administration should lower bank reserves, ease credit still more, thus give the economy "an extra push" back to 1953 levels...
...then, the Administration has been careful to talk softly, not upset the mercurial money market. Its clearly marked policy is one of "active ease," i.e., low interest rates and plenty of credit. The Treasury Department and the Federal Reserve Board, which were often at odds over policy during the Truman Administration, have worked in harmony to keep the money markets operating smoothly. Furthermore, the Administration has given up another hard-money idea, at least for the time being: balancing the national budget. Last week Secretary Humphrey announced that this fiscal year's deficit would be about $4.7 billion...
...Eighteen million Americans have seen Harry Truman in person...